What are the actions that lower your credit score?

What are the actions that lower your credit score?
Profile photo for Min Austria
Min Austria
Assistant at Ascent Law LLC

Your credit score is one of the most important numbers in your life. It's used to help determine your eligibility for loans and mortgages, and affects how much you pay in interest.

It's a good idea to check your score regularly, but here are some actions that might lower it:

  • Failing to pay off credit card balances
  • Having too many credit cards open
  • Having a high debt-to-income ratio

Having a low credit score is something most of us don't really think about—after all, it doesn't keep us from making our credit card payments or buying a car or a home. However, having a low credit score can have an effect on the things we do think about: the interest rates we pay on loans and credit cards; the rates we get on life insurance, whether we're given access to affordable housing or not.

If you have any questions or need a Credit Repair Lawyer, please call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Road Suite C

West Jordan UT 84088

(801) 676-5506

Utah Lawyer for Divorce Business Bankruptcy Probate Estates
Ascent Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you.
https://www.ascentlawfirm.com

Location: Hooper, UT, USA

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